Regarding NPS 80ccd1b


My savings through section 80C including PPF, LIC  premium, PLI and children tution fees is 125000. MY employee contribution to NPS (10% of Basic +DA) is 75000. Can I get dudection for 25000 in 80CCD1 (125000 from 80C and 25000 from 80CCD1 = 150000) and remaining 50000 through 80CCD1b. Can I get dedcution of total 200000
Asked 2 years ago in Income Tax from Pune, Maharashtra
Dear Sir,

You can have total deduction of Rs. 2,00,000/- based on your current NPS plan only.
wherein total of 80C Deduction you can claimed of Rs. 1,50,000/- & Additional deduction of Rs. 50,000/- u/s 80CCD
Vishrut Rajesh Shah
CA, Ahmedabad
605 Answers
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No you can get 125000 + 50000 only as deduction.
Shyam Sunder Modani
CA, Hyderabad
1408 Answers
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80CCD(1)(b) is part of 80CCD(1). You can claim Rs. 75,000/- u/s 80CCD(1)(a) itself and 80CCD(1)(b) has no relevance in your case.  Thus your total deduction is Rs. 2 L, including deduction u/s 80C for Rs. 1,25,000/-.
B Vijaya Kumar
CA, Hyderabad
833 Answers
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